7.25 Market Analysis:
During the night, the great bitcoin attempted several times to break the level of 119400 unsuccessfully, and then moved downward, showing that the bulls are clearly exhausted at a key resistance level, with insufficient attacking strength below.
At the hourly level, the three lines of the Bollinger Bands are almost horizontal, indicating that the short-term market is in a range consolidation, with no clear trend between the bulls and the bears. However, the price is gradually approaching the lower limit, while the volume continues to increase, exhibiting characteristics dominated by the bears, indicating that they have a temporary advantage in the current range; the morning strategy remains unchanged, maintaining execution on shorts during pullbacks.
Trading suggestions:
